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Friday, November 22, 2013

Trading Alert for Oilfield Services/ Frac Water Stock HII Technologies (HIIT); Company Breaks through 52-Week High on Recent news of Acquisition and Third Quarter Results

New York, NY, Point Roberts, WA - November 22, 2013 (Investorideas.com Newswire) Investorideas.com staff:
Investorideas.com, an investor research portal specializing in
investing ideas in leading sectors reports on trading for oilfield
services /frac water treatment stock HII Technologies, Inc. (OTCBB: HIIT).
The stock has traded through its 52- week high following recent news of
an acquisition in the water sector in addition to reporting Third
Quarter financial results stating revenue of $3,931,716, which generated
a gross profit of $1,136,887.
On November 13 th the Company announced it acquired Aqua Handling
of Texas LLC, an oilfield frac water transfer service company located in
the Eagle Ford Shale area of South, Texas that operates under the name
"AquaTex". The purchase price was $1.3 million consisting of $300,000 in
cash, $500,000 in notes and 1,443,696 shares of the Company's common
stock ($500,000 value based on the trailing 30-day average of the
Company's common stock prior to closing).
AquaTex is engaged in the business of high volume water transfer
services through above-ground mobile piping solutions with
environmentally safe, no-leak systems designed to support the millions
of gallons typically needed for hydraulic fracturing in hydrocarbon
reservoirs. AquaTex's co-founder, Mr. Chris George, entered into a three
year employment agreement in connection with the acquisition serving as
General Manager and Vice President. Mr. George has extensive experience
in the treatment, handling and logistics of frac water management.
Previously, Mr. George served as Stallion Oilfield Services' Waterline
Operations Manager for their Texas Water Transfer Division.
AquaTex has contracts with nationally recognized exploration &
production companies in the Eagle Ford Shale and South Texas areas,
which will augment the Company's existing customer base and is expected
to result in additional revenues. For the nine months ended September
30, 2013, AquaTex's preliminary unaudited revenues and net income were
approximately $1.6 million and $18,000, respectively, which included
start-up costs. For the month of September 2013, AquaTex's preliminary
unaudited revenues and net income were approximately $238,000 and
$80,000, respectively
On November 14th the Company reported Third Quarter results: As
stated in the Company's Quarterly Report on Form 10-Q filed on November
14, 2013, third quarter 2013 revenues were $3,931,716, which generated a
gross profit of $1,136,887. For the nine months ended September 30,
2013, revenues were $9,767,926 and gross profit was $2,534,307.
Increased revenues came from continued growth of AES Water Solutions'
frac water transfer business and additional revenue contributions from
our South Texas Power and AES Safety Services divisions which were
launched in late December 2012 and January 2013, respectively. For
comparison, our revenues on a consolidated pro forma basis for the three
and nine month periods ended September 30, 2012 (including revenues of
the Company's wholly-owned subsidiary AES Water Solutions which was
acquired in September 2012) were $438,682 and $1,424,790, respectively.
Accordingly, this represents revenue growth of more than 796% for the
third quarter 2013, and 585% for the nine months ended September 30,
2013 from the pro forma consolidated comparable periods in 2012.

About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services
company with operations in Texas, Oklahoma, Ohio and West Virginia. The
Company is positioned to take advantage of the significant anticipated
growth in horizontal drilling and hydraulic fracturing within the United
States' active shale and unconventional "tight oil" plays by deploying
new oilfield related technologies to enhance the value of services it
offers its customers. The Company's frac water supply services
subsidiary does business as AES Water Solutions, its onsite oilfield
contract safety consultancy does business as AES Safety Services, and
its mobile oilfield power subsidiary does business as South Texas Power
(STP). The holding company, HII Technologies' objective is to bring
proven technologies to these operating divisions to build a long-term
competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com
and www.Oilfield-Generators.comAbout InvestorIdeas.com: Investor Ideas for global investorswww.InvestorIdeas.com
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894